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<br />Ss- 00541'
<br />insurance premiums, ground rents, and all other charges whatsoever levied upon or assessed placed or made against the Trust
<br />Property. Trustor further agrees, upon written request by Beneficiary, to promptly deliver to Beneficiary all receipts for the payment of
<br />such charges. Trustor likewise agrees to pay all faxes assessments and other charges levied upon or assessed. placed or made
<br />against, or measured by, this Deed of Trust or the recordation hereof.
<br />5. Appkcation of Payments. All payments received by Beneficiary as to any debt. liability or obligation owed to Beneficiary by Trustor
<br />may be applied by Beneficiary to the payment of the Indebtedness or to any such other debt. liability or obligation. in any order or
<br />manner of application which Beneficiary, in its absolute discretion, deems appropriate. Unless otherwise elected by Beneficiary. any
<br />such payment shall be deemed applied first to the payment of any debt, liability or obligation other than the Note.
<br />6 Charges: Liens. Trustor will keep the Trust Property free from all liens and encumbrances which in any way may. in the judgment of
<br />Beneficiary, have priority over. or impair the security of. this Deed of Trust but Trustor need not discharge any such lien so long as
<br />Trustor Shan agree, in writing, to pay the obligation secured by such lien in a manner acceptable to Beneficiary and shall in good faith
<br />contest such lien by appropriate legal proceedings effective to prevent the enforcement of the lien and the loss of any interest rn or
<br />part of the Trust Property.
<br />i. Hazard insurance. Trustor shall keep the buildings and other improvements now existing or hereafter erected on the Trust Property
<br />insured by insurance tamers satisfactory TO Beneficiary against toss r y fire, hazards included lr. the term "extended coverage., and
<br />such other hazards, casualties and contingencies as may be required b y Beneficiary, to such amounts and for such periods as may be
<br />required by Beneficiary. The policy of insurance shall be in form acceptable to Beneficiary, prnvide that the same may not be
<br />cancelled or modified wahout fifteen. ; 751 days prior written notice to Beneficiary, and small have loss payable prowslons in favor of and
<br />in form acceptable to Beneficiary. All premiums on insurance policies shall be paid in the rnanner provided under paragraph 4 hereof
<br />or, it not paid fn such manner. by Trustor making payment at least fifteen (7 5) days prior to the due date. directly to the insurance
<br />carrier Beneficiary shalt nave the right to hold the policies and renewals thereof and Trustor shall promptly furnish to Beneficiary all
<br />renewal notices and all paid premium receipts received by It. In no event shalt Benef!c)ary nr Trustee be held responsible for failure to
<br />pay insurance premiums or for any loss or damage ans;ng out of a defect 'n any policy or arising out of any failure of any insurance
<br />company to pay for any loss or damage Insured against or for failure by Trustor to effect the insurance required nereunoer 1n the event
<br />of loss. Trustor shall give prompt notice by mad to .•he insurance carrier and Beneficiary Beneficiary may make proof of loss ,f not
<br />made promptly or in proper form by Trusror Al! policies of ,nsurance and any and all refunds of creamed erem,ums are hereby
<br />assigned to Beneficiary as add:'rional security for the pavmerr of the indebtedness in the evert or Beneficiary s exerrise of the power
<br />of sale contained .herein. or ,n the event oI foreclosure, all right title and nrc-res? of Trustor, ;r; and to any :nsurance policy .Then in force
<br />shall pass to the purchaser at the. trustee's sale. w foreciosure sate in case of any foss. me insurance proceeds may. at the option of
<br />Beneficiary. be applied by Beneficiary upo,', the indebtedness, or any Dart thereof, ar d ,n such orcer and amount as Beneficiary may
<br />determine: or said insurance proceeds- at the option of Senef,ctary, :nray e,r.hbi be used ui replacing :,r vestonng the Trust Property
<br />partially or totally destroyed to a conottion sattstacfory to 5eneficrary. or se." ,nsurance proceeds, or any portion ,hereof..ra.v be
<br />released to Trustor Unless Beneficiary and Trusror otherwise agree bh wrrnng, any such apDi,cation of ,nsurance proceeds shall nor
<br />extend or postpone the due date of the Note, or any in.stailments calle -1 to, there n o change me amount of such irvaurrents H the
<br />Trust Property is acquired by Beneficiary pursuant to the exercise of thr oc we ,f sale r otner foreciosure. al' right titre and interest o'
<br />Trustor in, and to any insurance proceed s : +ayable as a result ,if Ia..7ao lc 7 : 5t PrC er^, , ,or to the sate Or acquislf!an Shalt pass
<br />to Beneficiary and shall be applied first ,o the costs anr+ experlses •nctudu g w7o. nee fee_. ;r coliecPny^ such proceeds then
<br />in the manner and :n tme order Drovrded herein
<br />8 Preservation, and Maintenance of Trust Property liu, for w1!i keec the Gurdrngs acrd Dines r.rnproverneris now or hereafter erecter: o
<br />;he Trust Property in goad repair and condition and wilt nor comma Cr permit waste. ,11i rot alter the des,gr or structure.! character
<br />constituring any building r;ow or hereafter erectei7 on a I rn9r;f ring fne f ^'cpe.ry ti fnn J he ;nor wine^
<br />Gene, fic;ery, will not do any act (i th,ng which would unoufy .rPpa,r C 7ep'E'r aN. 'hf', value t 'he - JS! P. operTr and w,.l for abardrn
<br />the Trust ProDerty 7ruSfor will not remove any fixtures c )n ,t.'!ueng rte Tf,r Sr Pm;)e ?y unless the same die ,m.rnedtarey reDiacec Wliri
<br />i,ke property subject fo the ilen and sec,uriry interest of pas Deed Of T,-U--;r and of ar lfas, ecival value and o!ii,ty Trustor wa! comply w,in
<br />alt presen! and future ordinances. regulations and requiremer.ts of any gover^.memal body wn,.crr acs• appncdbie to the Trust Prc ;7er1y
<br />arc to tie occupancy and use therew if th,s Deed of T. •j,•r.s on d L ".t In e Yr a panned Lnit develoflrrewt Trus O .;hat'
<br />DerfO•T aB Ltf Trub Gr , obligations under the deciatatlons _» Covenar's :'rPr : r +r aCV(-rn,nq !nf _`;niJp In um or re plarrr art --nit
<br />de ✓eUpment the bylaws and rPguiaLr ^s ,r.lie rondum,n,um of pi,rnned :r .! de✓elr neat an f ron.5rlruent dor jmer.is
<br />w
<br />Jhspecpor Benefrc,arr Or its agents may at ..- Ieilsora :) e r . e.II. - ter 1,17C'r lie 7•u S, P r -er-, Dr the .')urpose r •r 'GFC'Jpr'
<br />nff.�.ary srast Cave no „vtv ant. Ola7 r, < r, -.,. ., r": .o any }ersO." ^ pngsess,on Jut ma- __ ..,
<br />'a,is r make any s,:c ^ .nsvectroh
<br />•„ Te,.:uor of Se : ;unry if Trusror fal ,, pw1o. •', any [',f lie ofra ..rnC .c fine.. i, :1tS Deed of T r L ;r if any a.,r_n
<br />or j�rr:< -eed ;hg's �,1mme)..r�,; wnr;:, �<vs n;ay arlve .r;y dtfer..te ,,�..•+ _ rercvt t Tr„sfer'•rBarerc',ary ,etc
<br />^d htfe r)f 7ruS„r tnererG fner.' Henehc;dl'y dt s i,pur.. nay >er ,.. , :,i._• ;a , : dt,: aoree•nerrs. Ana «e such appearances .
<br />d "etenc aga,nsr and ,•,vest gaff su�-f a. Ut,r "r�<.ee0, y dnd tao F L— w deernf necessary to protect r
<br />'trerest ,nctaor y bcr „`;:.' ;.mrett inf.,,uwsc ent �,t rfasc:la.: re rnev a :c e , ✓, ) 'lie Trust Property ? ; ma+'e repass_ An
<br />:l b, rite , au can.tacre ndebtedness amour s dsb e-
<br />,f Trusti >r
<br />eeu ec �'y t^,, leeo at Trust lh,w_ ? .sic. e J Beoef' ,art agree _ : ! _ 'ens, c,f .,3vh,er,• icon a•nounls ;hall be pdyab ,fir!
<br />^tit ;e r!o'r Berieftc;dri 1 ?i ;sin• `c. ;tic rug ;!ay ^rent t .ergot an„ ..,r. , ilea. ,fees, thin file :o'tr" ;71SDL'r3P.men! a' the rte a,,.' rate
<br />f ahy, Set foriri il me !lithe Dr Jtbe w,3G. 3t trim y Pest drP d' " °'r?, , o ,rti,rFc -n .!.h, ; ;aragralaP sPrafi' ecu!',
<br />3Errrehe:+ary tAr,p• ant e. :pt :r ; ;e ;. :'ak8 any d.. +.. r. '!W0,r>oer T :.r ;' .. ... ttliv ..) t ..•. _
<br />*Pe Trltst Property e.5 'rusrc s ages anti.: a 'e : :;.r w -_.._: enr,rm any 37i! a _ ;, enants aril to ne
<br />De'fD rued by JStot as reff?'n prry,r -t,tf BeneAC,ary ..r ii. d, :rs „>^ . : :uu sGdfeC ;^ art -J.,- ,rbrdnce lien Cralm or :1e
<br />rind tO air rights ant: ,�ieC.vr(P :i fO, the J :aymf',1 °hereof �. d,,! :7 S a: ,., t �enE'f r a,'y rte eof ar'rt '•'
<br />su :,rogaLt >r rights sha! %t e cIdrf,e d and c! maieU✓e ec :;r y !o f
<br />�,ryrlj6trnrra.'7C,n ,rye wo!,Led , :;f :frig awar,7 .), i ld,,'n nor f.'dmay&s ,reC -• �, , r,nSPqu.:r .'a;. ^G.' +G'n write' -7n y -i, -,.-
<br />other taking �ji fire Trust Propery ;'t any ;,art rhereO! ;7r fir (. :, "lilt. t-t e Cf:' ,r r ,/ ��i iJI , dr. t :�.pa .,r J! r- t,naf, l,rWir n a r, ni'rRCv
<br />a5S1.9ned T anti 3hafi be Decd rC fst. relrC,ary Trusfw wtlr file ar,O r r( SPCUL qr)'+C 3'n in, w,h Jbe �j rge.nrc, s L ,3,.' -^. 'r 'r t't •,u(: !'
<br />award or,aaymcnL end w," :fuse he fr. be r_alec ted and ;)-V„ r. Ae -. +c,ary s ., :,fin., ail tc, .. ,r.• u.a :: +✓
<br />.B,JtnfNrT'rS and emppwa_r (i ..r rf,C +a/ ,+flit .a•ne Ca r., CJr,r to rif ;, r. .. (.rote 'r ! C cnfe. arnnrse U e ref a.n7 as :•
<br />!t:'rbjiert receip! fot and rwazrr fire f x ;egd5 !t'ne
<br />real irwt ,. ,xicemnor '^?rs fn make an ewdn v E•f!,e - dim !gr m ., +_ ! + , ;a_ . ri •a'.- ,ti'r, ,r. r.,rr . ±,1, .
<br />a df tt? 'e5�
<br />a' °er fire d9te ,�ct� riolif "'? +g mar+eo. Benel,c ar✓ .< der. •d .'C , Ie,'t :y' phi :w " _s evr r ,trio. rr ar., ,r•r r,C [ J.i :. C •'e .p r 'fre-
<br />@rocire r.f at)y award :N da,m ilia Y. aver f :edu_f n,+ .i •ea5!•I,aJ1F , _ ;tS �nG' exfier ,es 'r c!•,�, ..� art'. y r!re5, w urn
<br />tH> n incurred ny Benef,c',ary a, the _ ,. +le J!,rPr •hereof. i )e soil t ..raepC.. of '9enef r:dry. be •edserl . t. .. r
<br />.. •gyp ;rarc L.
<br />restoration rif 'rust Property. c >r alp"( -Cl 'o tht !lie in O.. r.tH!gPp, r cY�', 7 c nE,f +r,� r dr•r! 7ru r w se aq,er , + r • t,rr_i
<br />dnv Sal" apprd {; at)C.. : ?f !v ,>C eeds f.J 'ndeLaE .7 n ga ; trrl eatery ;?U5; r• rhf- ,re+ 7,.9tt- hr• Notes
<br />;r?sfa•9n,enfr, ;.age& for thereunder
<br />r. 'n,�S•pl Nof Released teena',rtn rrf ire pine fw ";a4m- .)• 'nor_rfi, ao Un
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<br />.r% dny LC{. fSSn/ ,r .nfefG$t of I r,�!alr
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<br />,rrfrw5l fjen9r,w af'y 5 -,a1+',Ut be -efi" bd .., . t>rnmtC,•x _e...p r. = yi,73"I"! -uc: r. • u. P•.R:v c. > r '..•r ( e. r.. -I
<br />xfrrfr w v •n „r . y do r,Cr. d., 7, :i!'f r ,Jew iF Ines °: r'✓ ., i lit Yrr. ,feu.;., n.._ , .. �. ,,... :. .
<br />✓pia 1 r t I q r) 1 jf T i t r! f. r i l i e i '.a'. f i 1- i )-
<br />v[*c e rHrc. ,y .rrry Tr,r, �•, fin_..yr ;air,_ ,H 7.• ,• ,.t .., ,. n .
<br />;ry d r r °d!I 7 r •� r tier r m
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